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US wholesale inflation heated up in May
The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
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Slight Uptick in U.S. Producer Prices Despite Lower Service Costs
U.S. producer prices recorded a slight increase, mainly due to reduced costs in services like air travel. The 0.1% rise in the producer price index followed a previous drop. Expected inflation might rise later in the year as tariff impacts become apparent,
Aluminum and steel tariffs spark rise in secondary production, price divergence
US tariffs on steel and aluminum were doubled, but the metal markets appear to have quickly absorbed the impact.
US producer prices holds at 2.6% in May; wholesale prices rose 0.1% from April, Fed seen staying cautious on rate cuts
US producer prices saw a modest rise in May, signaling that inflation remains under control despite ongoing trade tensions. The Producer Price Index i
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